59.63% to Target, Deutsche Bank Reaffirms ‘Hold’ Rating on BHP Billiton PLC (LON:BLT) Shares Today


BHP Billiton PLC (LON:BLT) Rating Reaffirmed

Deutsche Bank now has a GBX 1300.00 target on shares of BHP Billiton PLC (LON:BLT). The target suggests a potential upside of 59.63% from the close price of BHP Billiton PLC (LON:BLT). This rating was revealed to investors in an analyst research report on Thursday, 3 December.

From a total of 25 analysts covering BHP Billiton PLC (LON:BLT) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 16 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 27.85 while the lowest target price is GBX 11.29. The mean of all analyst targets is GBX 16.71 with a 39.58% above today’s (GBX 814.4) stock price. BHP Billiton PLC was the topic of 129 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 2 with “Equal Weight” rating. Macquarie Research maintained shares with “Outperform” rating and GBX 1250 target share price in a report from a November 30. Deutsche Bank maintained BLT stock in a recent report from December 1 with “Hold” rating. Societe Generale maintained the rating on November 26. Societe Generale has a “Hold” rating and a GBX 915 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a November 30.

The stock increased 0.21% or GBX 1.7 on December 2, striking GBX 814.4. Approximately 9.52M shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 45.24% since May 6, 2015 and is downtrending. It has underperformed by 45.04% the S&P500.

59.63% to Target, Deutsche Bank Reaffirms ‘Hold’ Rating on BHP Billiton PLC (LON:BLT) Shares Today

BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional gas and oil. The company has a market cap of 46.41 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 19.14 P/E ratio. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.

According to Zacks Investment Research, “Blount International, Inc. is an international manufacturing company with operations in three business segments: Outdoor Products, Industrial and Power Equipment and Sporting Equipment. Headquartered in Montgomery, Alabama,their focus is on manufacturing products which offer superior competitive advantage and hold leading market share positions, industry-leading distribution, and exceptional customer service.” Get a free copy of the Zacks research report on BHP Billiton plc (BLT).